The world price of gold increases

Gold price today May 7, 2025: national and world gold prices increased abruptly due to concerns about Mr. Trump’s new tariffs and waiting for the Fed monetary policy meeting.

Gold price today 07/05/2025

At the time of the survey, at 4:30 am of May 7, 2025, the price of gold was listed by some companies specifically as follows:

The price of SJC gold bullion was listed by Saigon Jewelry Company Limited, Doji Group at 120,2-122.2 million VND/Tael (purchase-sale), an increase of 2.4 million VND/Tael both in purchase and sale addresses compared to yesterday.

Bao Tin Minh Chau is traded at 120.2-122.2 million VND/Tael (purchase-sale), the price increased by 2.4 million VND/TAEL both in the direction of purchase and for sale compared to yesterday.

In my Hong Jewelry Company, the price of my Hong’s gold at the time of the survey indicated that the price of gold SJC was 120.5 to 122 million VND/Tael for purchase and sale. Compared to yesterday, the price of gold increased by 2.5 million VND/Tael for purchase and by 2.2 million VND/Tael for sale.

The last gold pricing list today, May 7, 2025, is as follows:

World price Today 05/07/2025 and fluctuation graph of the world price of gold in the last 24 hours

According to Kitco, the world price of gold recorded at 4:30 am today, Vietnam’s time, was $ 3,415.44. The price of gold today increased 2.39% compared to yesterday. Depending on the exchange rate of the US dollar in the free market (26,399 VND/USD), world gold costs about 108.7 million VND/Tael (not including taxes or fees). In this way, the price of SJC gold bullion is 13.5 million VND/Tael higher than the international price of gold.

Gold prices rose to a maximum of two weeks, backed by the purchases after China’s holidays and concerns about possible US tariffs on pharmaceutical imports, while investors waited for the result of the Federal Reserve policy meeting, Reuters reported.

The gold in cash rose 2.4% to 3,413.29 dollars an ounce at 1:56 PM (17:56 GMT), its highest level since April 22, when it reached a record of 3,500.05 dollars an ounce. American gold futures closed with a 3%rise, at 3,422.8 dollars.

China’s markets, the main consumer, reopened after the Labor Day holiday, which extended from May 1 to 5.

“The upward market is being driven by the last increase in gold investment in China, along with the continuous measures of central banks to reduce their dependence on US assets, especially the US dollar,” said Adrian Ash, Bullionvault research director in a note.

The dollar staggered as investors began to lose patience at the expected trade agreements in the United States, which made gold quoted in dollars cheaper for holders of other currencies.

Gold, a safe shelter against uncertainty, has reached multiple historical maximums this year amid the nervousness of the market due to tariff advances. The president of the United States, Donald Trump, said he plans to announce new tariffs on pharmaceutical products in the next two weeks. Earlier on Sunday, Trump announced a 100% tariff on films made abroad.

“We believe there is a greater participation of speculators in China,” said Daniel Ghali, a strata of raw materials of Securities. In the West, we believe that, although prices are overcapted, gold is still significantly undervalued. Both factors will boost the rise in gold prices. Prices could reach $ 4,000 ounce this year.

Investors closely follow the next political decision of the FED on Wednesday, and the comments of President Jerome Powell are expected to provide clues about the potential moment of a feature cut.

Higher interest rates reduce the attractiveness of gold, which does not offer any performance.

Silver in cash rose 1.9% to $ 33.10 an ounce, platinum rose 2.4% to $ 982.52 and the paladium rose 3.1% to 971.27 dollars.